Bob Buente South Park BID Emails through 10/2018

RE: 1212 S Olive

Subject: RE: 1212 S Olive

From: Robert Buente </0=EXCHANGELABS/OU=EXCHANGE ADMINISTRATIVE

GROUP (FYDIBOHF23SPDLT)/CN = RECIPIENTS

/CN=C7B 1814176124B59B21D8FDA30E507D8-BBUENTE>

Date: 04/17/2018 12:51 PM

To: Ellen Riotto <ellen@southpark.la>, Robin Bieker <robin@biekerco.com>,
daniel@jadeent.com <daniel@jadeent.com>, channing@almadevelopment.com
<cha nning@almadeveloprment.com>

Ellen:

The "structural" language below concerns me. Maybe I haven't seen enough DTLA commercial
leases but I wonder why a potential landlord would call out "structural' along with the
other NNN items.

Anyone else concerned or am I being paranoid?

Thanks

Bob

Robert Buente
President/CEO

1010 Development Corporation
1001 South Hope Street
Los Angeles, CA 90015

213-749-0214 x202

bbuente@1010dev.org

From: Ellen Riotto <ellen@southpark.la>

Sent: Tuesday, April 17, 2018 12:19 PM

To: Robin Bieker <robin(abiekerco. com> ; Robert Buente <bbuente@1010dev.org> ;
danielgjadeent. com ; channing@almadevelopment■com
Subject: Fwd: 1212 S Olive

1 of 4

10/19/2018 09:09 AM

RE: 1212 S Olive

FYI. Ted Tanner made a direct intro to me and Ken last week and I saw the space on Fri.
This feels like the best option thus far. I have a call scheduled w Bob on Thursday to
discuss next step but I wanted to loop you all in for a gut check.

Ellen Riotto

Executive Director

South Park BID

1100 S Flower St, #3400, Los Angeles, CA 90015 <x-apple-data-detectors://0/l>
o. 213-663-1112 <tel:213-663-1112>

C. 401-439-8147 <tel:401-439-8147>

24/7 <x-apple-data-detectors://l> : 866-560-9346 <tel:866-560-9346>

Sent from my iPhone

Begin forwarded message:

From: Ken Kastner < kkastner@unisourceit.com <mailto:kkastner@unisourceit.com> >
Date: April 17, 2018 at 12:01:56 PM PDT

To: Ellen Riotto < ellen@southpark.la <mailto:ellen@southpark.la> >

Cc: Robin Bieker < robin@biekerco.com <mailto: robingjbiekerco. com> >, LINDA KASTNER
< lkast6945@aol.com <mailto:lkast6945@aol.com> >

Subject: RE: 1212 S Olive

Ellen,

We are interested in supporting the community. As such, we are interested in
proposing a significantly discounted rent to the South Park Business Improvement District.
We would lease, for $11,000.00, Absolute NNN lease, the covered parking and the building
(excluding outside parking). You would be responsible for the all aspects of the
building, including but not limited to operating and structural aspects of the said
location. In addition to the $11,000.00 per month rent, we would request a 3% per annum
increase in rent, until the termination date. Prior to entering a lease, we would ask

that you conduct a review of the building, and all aspects of the area, to ensure that you
are comfortable entering into this type of arrangement.

As is customary, only an executed lease is binding on all parties. We recommend

that you have legal counsel review the overall outline of the transaction. Landlord

will provide lease, if we come to an agreement.

Let me know your thoughts.

2 of 4

10/19/2018 09:09 AM

RE: 1212 S Olive

From: Ellen Riotto [ mailto :ellen@southpark. la ]

Sent: Monday, April 16, 2018 10:00 AM

To: Ken Kastner < kkastner(aunisourceit.com <mailto:kkastnergunisourceit.com> >
Cc: Robin Bieker < robin@biekerco.com <mailto:robin@biekerco.com> >

Subject: 1212 S Olive

Hi Ken,

So great to meet you on Friday, thanks again for taking the time.

The BID is very interested in the space. It's the absolute ideal location and has
everything we're looking for - raw interior space for our clean and safe teams, prominent
street-level presence, alley and parking lot access, and space for the 5 staff. As I
mentioned to you on Friday, the BID is looking for 6,000-8,000 sf of space and our monthly
budget for rent is no more than $llk. We're hoping to be able to negotiate on TIs.

We've just gone through the renewal process with the city, so our contract is good
through 2022. I'd like to sign a lease agreement that brings us through the full lifecycle
of the BID.

If this is something you're willing to explore, it would be helpful to see as-is
plans to start mapping out the space for our needs.

Thanks in advance, and please let me know if you need anything else from me.

Best,

Ellen

Ellen Riotto
Executive Director

South Park Business Improvement District

1100 S Flower St, Suite #3400, Los Angeles, CA 90015

ellengsouthpark.la <mailto:ellen@southpa rk.la> | o. 213 663 1112

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10/19/2018 09:09 AM

RE: 1212 S Olive

southpark.la <http://www.southpark.la/> | Facebook <http://fb.com
/SouthParkLosAnqeles> | Twitter <https://twitter.com/southparkla> | Instagram
<https://www.instag ram.com/southparkla/>

24/7 DISPATCH: 866-560-9346

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10/19/2018 09:09 AM